Paul Ryan: An Example of a Crooked Politician and of Inside Trading


On September 18th, 2008 a high level meeting took place between politicians and bankers in the United States, in order to discuss and take preventive measures regarding the economic and financial collapse which seemed to be taking place. Some key figures in that meeting were people such as the Treasury Secretary, Henry Paulson; the Chairman of the Federal Reserve Bank, Ben Bernanke and none other than the righteous congressman, Paul Ryan.

By no fault of his own, Mr. Paul Ryan learned at that meeting about the collapse which was happening, of certain financial institution such as CitiGroup Inc. and immediately afterwards, he began selling his stocks. It is also interesting to note that as he began selling certain stocks which were doomed to fail, Mr. Ryan acted on knowledge from his meeting with the bankers that Goldman Sachs was not in danger of collapse and he went ahead purchasing more assets with the latter bank. Another detail to mention here would be that Goldman Sachs was the previous employer of Mr. Henry Paulson. Banksters and politicians more often than not seem to be conveniently linked together ...

Can the political system in the United States be more crooked? What can we expect when politicians are in bed with banksters?

The information talked about at that meeting, about which banks were going down and which banks were expected to not do so badly, on September 18th, 2008 was not public. That meeting happened behind closed doors. Therefore, by definition the information discussed at that meeting is considered insider information. With that in mind, seeing how Mr. Paul Ryan sold off his assets with banks such as Wachovia, or CitiGroup the same day, that clearly means that he was involved in insider trading. People should go to jail for such actions but obviously if You are Republican Congressman Paul Ryan, the law does not apply to You.

Almost every day, I hear of examples of corruption and crooks manipulating the political system, from one end of the globe to another. At this point, I wonder how much longer the masses will be patient with politicians stuffing their pockets because of their privileged circumstances. How much longer can corruption exist at the highest levels in government before the entire system collapses?

Time will tell.

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Comments 44 comments

Angela Blair profile image

Angela Blair 4 years ago from Central Texas

I agree with your statement "how much longer can corruption exist at the highest levels in government before the entire system collapses." That's why I'm not voting for Barack Obama -- he's the top offender of them all. Great Hub and your point is well stated. Best/Sis


Mr. Happy profile image

Mr. Happy 4 years ago from Toronto, Canada Author

Yes, I agree with You Mrs. Blair: Mr. Obama is the black Pinocchio President. From Hope and Change to Bailouts and Fraud - lies ... The money he received from Wall St. during his first campaign should have been a sign of things to come in my opinion.

This is a main problem I think: there are hardly any honest politicians around ... perhaps Congressman Ron Paul Sr. can be categorized as honest but he is one of the very few.

Thank You very much for taking the time to read and comment.

All the best!


lmmartin profile image

lmmartin 4 years ago from Alberta and Florida

The term "honest politician" ranks right up there with "military intelligence," as the greatest oxymoron of all time. To expect otherwise is to be a dupe (no offense intended.) But most of us suffer from the same faults to some extent or other. I believe the fault lies in the system which plays on the all-too human weaknesses of greed and self-advancement. I also believe we should do away with the idea of the professional politician. In the beginning of this system, it was expected that citizens would serve, and then return to their other profession, opening the gates to the next. What we see now is a swarm of those with no other experience other than politics (winning and losing) to bring to the table. There is a complete barrier of understanding between the people and those who supposedly represent and serve them.


GNelson profile image

GNelson 4 years ago from Florida

In Florida we have a governor who was CEO of a company that committed fraud by bilking medicare and the tax payers out of millions. Our governor, Mr. Scott, claims he didn't know about it so he is either lying or incompetent. That makes him very qualified to be a politician. Mr. Ryan is also qualified.


Mr. Happy profile image

Mr. Happy 4 years ago from Toronto, Canada Author

Haha!! Thank You for the laugh, Mrs. Lynda. I did not realize the oxymoron I had created with the "honest politician" comment.

I know, how ridiculous of me to expect honesty out of the people who represent the masses in government ... Yet, I do think (perhaps naively) that Mr. Ron Paul Sr. is an honest man. Even though, I do disagree with many of his ideas, I respect the man for being an honest politician. Dennis Kucinich comes to mind too - perhaps too honest when he said he saw a UFO once (lol).

I agree with You that the professional politician nonsense has to go. Perhaps a specific number of years can be given to those who want to be members of congress, senators and such. I also think it is terrible when guys like Henry Paulson changes offices from banks to the government and vice-versa.

Well, the circus has began for sure regarding the election in November. Remains to be seen what will happen.

Thank You for taking the time to read and comment on this piece of writing.


Mr. Happy profile image

Mr. Happy 4 years ago from Toronto, Canada Author

Mr. GNelson, the "I did not know" excuse is a little overused. That, together with "I was just following orders" ... I hear these types of excuses quite often. I do think though, that at some point we have to start taking responsibility and holding people accountable for their actions.

We all have to start demanding truth instead of advertisements, in my opinion.

Cheers!


rmichaelf profile image

rmichaelf 4 years ago from North Central West Virginia, where the green grass grows...

Thanks for walking about with your lantern held high... This Hub should be of interest to the Group labeled Christian Conservatives; as such, you would think that ethics and morality would be high on their agenda.

Instead, they are too busy defending their personal salvation testimony and their belief system. And too busy damning liberals and those that might have a question about how we got to this place and how to get out of it.

(I agree with the viewpoint that we no longer have a democracy but a Corporatocracy. Big Biz owns everything....)

(Corporatocracy: is a term used to suggest an economic and political system being controlled by corporations or corporate interests)

michael

a note: I found that lost email and I have some thoughts to send. I hope this weekend... to paraphrase a new friend, my life, recently, has resembled a leaf blown about on the freeway... :-) and thank you, sincerely, for the conversation. You are quickly becoming a mentor and teacher on my spiritual walk...


Mr. Happy profile image

Mr. Happy 4 years ago from Toronto, Canada Author

Greetings Mr. Michael,

Green Lantern is a favorite super-hero of mine so, yes I do try to keep my lantern shinning Light. That does not mean I am always successful but ... I have to at least try.

Regarding Christian Conservatives, they should re-read the Bible and see what It says about lending at interest - if they followed their own spiritual texts, the financial system would be in a much better shape. From that follows the thought that our socio-economic system would work much better as well.

Thank You for the kind words and for taking the time to read and comment.

All the best!


rmichaelf profile image

rmichaelf 4 years ago from North Central West Virginia, where the green grass grows...

I know of your affinity for Green Lantern having read of it elsewhere around here - I was thinking of Diogenes! lol Both of whom fall into the same general categories of adjectives!!!

(and I don't think of myself as a "kind" commentator for the most part, for I do tend to be a little more blunt at times than perhaps I should be, but thanks for saying so. (Green Lantern was a "Top 10" for me too!)


Mr. Happy profile image

Mr. Happy 4 years ago from Toronto, Canada Author

Hmm ... until You just reminded me, I forgot I mentioned Green Lantern before, Mr. Mike. I think I may have to write a piece on him eventually.

Regarding the kind comment, I do think that You are kind because You display a genuine patience and willingness to discuss things, whether You agree with a subject or not (from what I have seen, in general).

Thank You for the visit again (and the email)!

All the best.


phdast7 profile image

phdast7 4 years ago from Atlanta, Georgia

Thank you White Wolf. It is a tragedy that we Americans have become so accustomed to selfish, greedy, and "criminal" behavior that we hardly take note, much less express the outrage that would be appropriate. Your essays are important reminders and calls to action. Thank you for your concern. Sharing.


sharewhatuknow profile image

sharewhatuknow 4 years ago from Western Washington

Thank you Mrhappy for this hub! I was not aware of Mr. Ryan and his ability, like many other politicians, to gain insider knowledge of what stocks to dump or to buy. Just goes to show that no matter who you vote for, they are all in it for themselves. It is about money and extremely wonderful benefits. They do not care about you or yours, or me or mine!


ib radmasters profile image

ib radmasters 4 years ago from Southern California

How many more distractions are we going to entertain while the real issues go silent?

If there was insider trading, he would have gone to jail like Martha Steward.

The real issues of the economy, jobs, housing and reigning in the financial industry that caused the economic collapse.

The US is on the verge of a double recession, and you create a red herring hub.


sharewhatuknow profile image

sharewhatuknow 4 years ago from Western Washington

Yea, speaking of Red Herrings, I sure love the way Romney, you know, that guy running for president of the USA, wants to bring up the issue of birth certificates. After all, extremely important issues of the economy, jobs and housing need not be discussed. Only the issue of birth certificates.


MG Singh profile image

MG Singh 4 years ago from Singapore

I wonder why the Americans opted for this form of government that throws up mostly corrupt politicians. The system is so built that peoples votes can be manipulated. Democracy as practiced is seriously flawed. Perhaps the words of Chanakya the Indian sage ' people get the government they deserve' needs a through understanding.


ib radmasters profile image

ib radmasters 4 years ago from Southern California

sharewhatuknow

not relevant, and it is Obama that is not talking about the economy, and that is his current job.


sharewhatuknow profile image

sharewhatuknow 4 years ago from Western Washington

ib radmasters

If I want your opinion, I'll give it to you.


aravindb1982 profile image

aravindb1982 4 years ago from Puttaparthi, India

Very painful when we read all the details Mr.Happy!! :( Makes me sad...

But well, politics itself is like that. My Master, the Man in Orange always exhorted to us students,

"Be change agents. Transform yourself. But never ever get into politics thinking that you will be able to bring positive change faster."

Politics is like a gutter which dirties anyone who gets into it to clean it!

Informative hub indeed...


Mr. Happy profile image

Mr. Happy 4 years ago from Toronto, Canada Author

I think You are quite right Mrs. Theresa: we have somehow normalized shady business, or perhaps we have become desensitised to crooks ... either way, we should take a closer look at our leaders and those who want to lead (in whichever position that may be).

Thank You for taking the time to read and comment and thank You for the share as well.

All the best!


Mr. Happy profile image

Mr. Happy 4 years ago from Toronto, Canada Author

Hello Mrs. Sharewhatyouknow,

I think it is a bit of a problem when the major media outlets do not follow such stories. I for one, would love to know why Mr. Ryan did not end-up in jail like Martha Stewart. For now, it is a mystery ...

Cheers!


Mr. Happy profile image

Mr. Happy 4 years ago from Toronto, Canada Author

"If there was insider trading, he would have gone to jail like Martha Steward." - Mr. Ib Radmasters, that is exactly what I am saying: Mr. Ryan should be in jail! It is interesting to find out how he squeezed out of that one ... because we already know how he squeezed his assets out of failing banks, so he doesn't take a financial hit to his portfolio (as many people who had no insider knowledge did) ...

And I do not see this as a minor issue - certian banksters and politicians have hijacked the system. Most politicians now represent their lobbyists and not the common man. They are tightly linked together so they can hold on to their positions of power and privilege.

How is this not an important issue to discuss? The economy can never get better with crooks in charge.

Thank You for joining the conversation.

All the best!


Mr. Happy profile image

Mr. Happy 4 years ago from Toronto, Canada Author

Mr. MG Singh,

I do understand that quote about getting what we deserve but I must ask - if people get what they deserve, how come crooked politicians such as this guy (Paul Ryan) are not in jail? They deserve it.

I am not sure if all of us always get what we deserve ... (as a generalization).

Thank You for the visit and comment.


Mr. Happy profile image

Mr. Happy 4 years ago from Toronto, Canada Author

Mr. Aravind,

great to see You stop by! : )

I am not sure if I fully understand the following statement: "But never ever get into politics thinking that you will be able to bring positive change faster." - I am involved in politics a little, even here in Toronto - I met several politicians, even the leader of the Liberal Party. I did that in regard to the lack of schools for children - You read that story.

Many people pushed for the change, not just me. I insisted on putting as much pressure on politicians as possible in order to get those kids a school. I am happy to say that this spring the announcement was made that the building of the school is starting.

So, I am not sure if things started happening faster or not when many individuals got involved but either way, awareness was raised which gave hope and encouragement. I find that often time people need hope and encouragement.

Regarding the getting of one's hands dirty in order to get the gutter clean ... I do think we need to clean our gutters once in a while. I don't mind getting my hands dirty either (sometimes things are necessary maybe). I use soap afterwards. Haha!!

Thank You very much for the wise words. I appreciate it!

Cheers. : )


aravindb1982 profile image

aravindb1982 4 years ago from Puttaparthi, India

Ah! Mr.Happy. Please allow me to clarify.... In India for instance, we have a multi-party democracy. One Indian freedom-fighter, Anna Hazare, started a people's movement to fight corruption. He went great guns and mobilized the entire nation. But after a few stumbling blocks, when it seemed like it was getting into a stalemate, he began to propose a political party to fight in the elections. He hopes to become the king-maker if not the king and change the nation once elected to power. Now, the people seem to be losing faith in him!! Somehow, trying to change the leaders by becoming a similar leader seems a bad idea for that position itself is very corrupting.

"Power" is very corrupting. The advice to one not to get into politics is because what starts as involvement becomes active attachment. It is very difficult to have involvement without attachment. If one is in touch with the inner self or the Spirit alone is it possible to fight for power and then relinquish it once the objective is achieved!

In that angle - do not get into politics.... Hope that is clear :)

Always a pleasure to read what you write...


Mr. Happy profile image

Mr. Happy 4 years ago from Toronto, Canada Author

Great explanation Mr. Aravind.

I do like to break stereotypes and even go beyond reason sometimes. I have fun with searching for "other ways".

I think I was saying to someone not long ago in an email that if we want true change in our societies, we have to change our mentality. In my mind, it is not changing the leaders that will bring Light but changing ourselves, or our environment.

Corruption dissipates when we have honor; when we are compassionate, knowledgeable and truthful. Power is to be respected and used for the purpose of Unity - Power is for All and Everything.

That is how I see some things ...

I do agree though: if one gets attached to things, one loses control and becomes addicted to Power. We need discipline. I think I wrote something on that not long ago too. "Just because I can do something does not mean that I should."

Thank You for mentioning Anna Hazare. I knew nothing about this person but I will try to learn more now.

All the best and thank You for the conversation! : )


Kathleen Cochran profile image

Kathleen Cochran 4 years ago from Atlanta, Georgia

I'm bracing for the onslaught of insults that will be headed my way, but I can't help but mention a man who was honest to a fault and lived his principals, which made him a very poor politicitian.

Jimmy Carter

And we ate him up and spit him out. (We includes conservative Christians who to this day speak of him with distain because he didn't make them wealthier - the greatest sin.)


Mr. Happy profile image

Mr. Happy 4 years ago from Toronto, Canada Author

Great discussion Mr. Aravind,

as I was watching a Youtube video about Team Anna, I still had the thoughts in my mind about how Power corrupts. Yes, it is very true.

Just last week there was talk on the news about the Vatican's problems with corruption, "at its highest levels". So, if there is corruption around the Pope then, Catholicism corrupts, or Religion corrupts.

I cannot say that though. I think weak people give-in to corruption and it matters little if it is a matter of politics, religion or perhaps the banking system.

In my opinion I think we have to get back to the individual, to our thoughts and actions. I do think that through education, unity and Love, we can create a better world. I do not believe in utopias but I do think that there is much good that can be done.

Thank You once again for stopping-by. Your words are food for thought.


rmichaelf profile image

rmichaelf 4 years ago from North Central West Virginia, where the green grass grows...

ib radmasters said: "If there was insider trading, he would have gone to jail like Martha Steward."Martha Stewert went to jail for obstruction of justice not for insider trading. (Not Martha Stewerd...)

As far as not going to jail, he was meeting with a group of people that included people such as the Treasury Secretary, Henry Paulson; the Chairman of the Federal Reserve Bank, Ben Bernanke, all highly prominent, powerful and protected members of the Government and Banking institutions.

And as far as your question, "How many more distractions are we going to entertain while the real issues go silent?" Well, since when has the ethics and morals, attiudes and values which have deteriorated to allow the transformation of the Democracy once practiced in America


rmichaelf profile image

rmichaelf 4 years ago from North Central West Virginia, where the green grass grows...

I hit enter in error too quickly:

I was wanting to say that those ethics, morals, attitudes and values have transformed our great institution into a place populated by greed and power by people whose first exposure into politics is at the State and Federal level where they are motivated by those four items just mentioned and who operate on their high school civics class and their fundamentalist religious world view. Just the flip side of the coin of those "weird" radical Islamics....

It is ignorance, petty selfishness, arrogance and fear by the people, of the people and for the people that now is at that seat of distraction and that is getting these small minded, ignorant, petty and deceiving politician elected into positions of power over us all.


suzettenaples profile image

suzettenaples 4 years ago from Taos, NM

Insider trading is correct. Yes, he should be prosecuted because he benefited from that meeting monetarily. Or, at least, there should be class action suits by the middle man owning those stocks, taken against those at the meeting that day. When will the public see through all this? I don't know when the American people are going to wake up and see that political and corporal corruption go hand in hand in this country. So many people have their heads in the sand. I don't know what it is going to take to make the American public throw these crooks out of office. Very insightful and interesting hub. Thank you for writing this and I enjoyed reading it.


sharewhatuknow profile image

sharewhatuknow 4 years ago from Western Washington

" Hello Mrs. Sharewhatyouknow,

I think it is a bit of a problem when the major media outlets do not follow such stories. I for one, would love to know why Mr. Ryan did not end-up in jail like Martha Stewart. For now, it is a mystery ...

Cheers! "

Mr. Happy, I was going to bring that up in my first post, but didn't. You are right, why was he left unscathed while Martha Stewart served prison time for "insider trading?"


Mr. Happy profile image

Mr. Happy 4 years ago from Toronto, Canada Author

Great point You made, Mr. Michael: "It is ignorance, petty selfishness, arrogance and fear by the people, of the people and for the people that now is at that seat of distraction and that is getting these small minded, ignorant, petty and deceiving politician elected into positions of power over us all."

I am starting to think that the indulgence in Fear is what creates discord to begin with. People do not know how to deal with Fear and they give in to it. Fear divides, creates antagonism, suspicion and such. Once people give-in to Fear, they become themselves dangerous. I have been watching Fear for a while now ...

Much to think about. Thank You for your comment.

All the best!


Mr. Happy profile image

Mr. Happy 4 years ago from Toronto, Canada Author

Greetings Mrs. Suzettenaples,

"When will the public see through all this?" - I think some of the public does see though this but does not care. I say this because I saw what Mr. Ib Radmasters wrote about my piece of writing here: you create a red herring hub - I guess, some of the public is not concerned about politicians manipulating the system to their advantage ... I am not sure what to say at this point.

Thank You for taking the time to read and comment.


Mr. Happy profile image

Mr. Happy 4 years ago from Toronto, Canada Author

Thank You for stopping-by as well, Mrs. Kathleen - I do agree with You that for some reason President Carter is looked down on nowadays. In my opinion, he speaks his mind but I suppose speaking your mind nowadays is seen as being a nonconformist, something quite dangerous ...

I fully agree with the idea that wealth does not necessarily means something good. Many people have shed their morals in exchange for money and profit though ... now we will have to pick up the pieces after the decades of decadence.

All the best!


Mr. Happy profile image

Mr. Happy 4 years ago from Toronto, Canada Author

Hello again Mrs. Sharewhatyouknow,

I think Mr. Michael answered the question to why Mr. Paul Ryan did not go to jail for insider trading: "As far as not going to jail, he was meeting with a group of people that included people such as the Treasury Secretary, Henry Paulson; the Chairman of the Federal Reserve Bank, Ben Bernanke, all highly prominent, powerful and protected members of the Government and Banking institutions."

The crooks protect each other ...

Cheers!


rmichaelf profile image

rmichaelf 4 years ago from North Central West Virginia, where the green grass grows...

Mrs. Sharewhatyouknow,

Martha Stewart went to jail for "Obstruction of Justice" not for "Insider Trading." They discovered that she withheld evidence, either verbally (perjury) or by failure to produce hard copy of records which her broker claimed that she had should have had and she could not prove otherwise. The "preponderance" of evidence against her sent her to jail. He said - she said, and he had more documentation and recordings.

I know I am somewhat skimpy on the details, but that, I think, is the crux of it.

And as Martha said (referencing her going to jail by me!) "...and that is a good thing." lol

michael

The rich and powerful protect the rich and powerful as long as the rich and powerful leave the rich and powerful alone to do as they wish... Scratching each other's backs.... a simplification perhaps but at the foundation of this mess,


phdast7 profile image

phdast7 4 years ago from Atlanta, Georgia

White Wolf -- Your hub has generated a very good discussion. It has been encouraging to read the comments and see support for the ideas you put forth. Excellent intellectual stimulation. :)


Mr. Happy profile image

Mr. Happy 4 years ago from Toronto, Canada Author

Thank You, Mrs. Theresa. I seek Unity and it is indeed refreshing when people come together to discuss matters which concern All of Us.

All the best!


sharewhatuknow profile image

sharewhatuknow 4 years ago from Western Washington

@ rmichael

Originally, Martha Stewart was indicted for insider trading.

http://archive.newsmax.com/archives/articles/2003/...

I never followed the trial, I thought it was a modern-day witchhunt, and a ruse to keep our attention off those that are doing insider trading on a regular basis. So when she was found guilty, I did not recall the exact charges, I always attributed her guilty verdict to "insider trading."

I read some months ago, now I wish I could remember the article, that many congressmen and other high ranking political officials are often given a heads up at meetings about what companies will fall or rise (their stocks). This is turn lets them know exactly what stocks to dump or to buy.


rmichaelf profile image

rmichaelf 4 years ago from North Central West Virginia, where the green grass grows...

Hi, Mrs. Sharewharyouknow, If you read the story carefully you will see that it was actually one of her co-conspiritors that was found guilty of Perjury, Martha's lawyers evaded that one for her. She was found guilty of 4 counts of Conspiracy, making false statements, and Obstruction of Justice.

This is an error promulgated by a handful of citizens and a group of poorly educated fact check

ers at the News Corporations. If you read the link you provided, as well as a few other sources you'll discover that


rmichaelf profile image

rmichaelf 4 years ago from North Central West Virginia, where the green grass grows...

I'm sorry for my grammar and incomplete thoughts here. My laptop is down and I am using a five year old HTC Hero, which really ***cks. bad

Sorry for the grammar, spelling and such! When I get my laptop back I promise to write better and more completely. (This has taken 35minutes to write 4times!!!Practice makes perfect, ey?

michael


aravindb1982 profile image

aravindb1982 4 years ago from Puttaparthi, India

I totally agree there Mr.Happy. When we think of change, it has to be individual. Collective change must happen because people derive inspiration from the individual. Inspiration and not commanding is the way.

And as you rightly put it, the solution lies in education (which must include the human values - it should not be a begging bowl to earn a living alone!), love and unity!


vrbmft profile image

vrbmft 4 years ago from Yucaipa, California

Thanks for an interesting piece of information! I have friends who are really pressuring me NOT to vote for Obama. I don't understand why they think I am! Why they assume I love Obama.

I really don't care, in a way, who votes for whom. I only want people to really know the person they are voting for, not the political persona, but the person. I posted twenty questions to ask the candidates in a one-on-one interview. It's posted on one of my blogsites, Hanging With the Newz. As I imagine the answers to these questions by the major candidates, no one really measures up to knowing my life, and I would conclude from that the lives of the majority of Americans. And I am not talking about any particular woes, but simply the lives of ordinary Americans who have to search for the least expensive gallon of gas.

If we could just allow ourselves to be informed and resist jumping on bandwagons which must make us feel good or something!

Thanks for an informative hub. Fueled a lot of interesting comments as well.

Vern


Mr. Happy profile image

Mr. Happy 4 years ago from Toronto, Canada Author

I will have to check-out your hub about the questions to the candidates, Mr. Vern.

"If we could just allow ourselves to be informed and resist jumping on bandwagons" - That is what I am wishing for! With this in mind though, I think we need to take a really good look at the education system. We cannot expect people to be informed, thoughtful members of a society, when they can barely write a sentence or name the Secretary of State (she's so cocky ... I think she wants to be President in 2016).

I am glad You enjoyed the write. Thank You for the visit.

All the best!

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